Marketing Services Company is one of the leading providers of a specific product that acts both as an investment and a collectible in the United States.
M&A Capital considered all viable capital structures, including senior debt, subordinated debt, minority equity, and preferred and common stock to provide the company with various options.
The capital structure selected by the company included multiple securities to maximize flexibility and minimize cost.
The $28.3 million of secured financing included a $5.0 million revolving credit facility (with a minimal draw at closing to provide sufficient liquidity for the ongoing growth of the business) and $23.3 million in senior notes split into $16.3 million of subordinated notes and $7.0 million of senior notes to minimize annual principal payments.